U.S. Department of Labor Changes to Overtime Laws Still Pending

On December 16, 2016 the US Department of Labor (USDOL) enacted changes to the Overtime laws. These changes increased the minimum weekly compensation for salary-exempt employees to $913.00 per week (previously $455.00 per week). Additional [...]

By |November 21st, 2018|Categories: Uncategorized|0 Comments

Why is the State of Virginia Auditing my business? Don’t Panic!

  If your business has received notification of an audit from the Virginia Department of Taxation (VDT) it is not because your business has been targeted for non-compliance. Don’t panic! These are routine audits that [...]

By |November 21st, 2018|Categories: Uncategorized|0 Comments

2019 Social Security Wage Base increases from $128,400.00 in 2018 to $132,900.00 in 2019

The Social Security Administration (SSA) has set the 2019 Social Security taxable wage threshold to $132,900.00. The increase in the SSA Wage from 2018 is $4500.00 which equates to a potential annual tax increase of [...]

By |November 21st, 2018|Categories: Uncategorized|0 Comments

IRS Alerts of Phishing Scheme Involving W-2s

IRS Alerts Payroll and HR Dept. Professionals to Phishing Scheme Involving W-2s Copied from the official IRS News Release 3/1/16 IR-2016-34, March 1, 2016 WASHINGTON – The Internal Revenue Service today issued an alert to [...]

By |March 14th, 2016|Categories: News|Tags: |0 Comments

Tennessee UI Wage Base Decreases for 2016!

Good news for Tennessee employers! The Tennessee Department of Labor and Workforce Development announced on Jan. 25 that effective Jan 1, 2016, the state's unemployment-taxable wage base was reduced from is $9,000 to $8,000,  This [...]

By |January 26th, 2016|Categories: News|Comments Off on Tennessee UI Wage Base Decreases for 2016!

Employees and the Earned Income Credit Notification

Now that W-2 season is upon us, it is important that you notify certain employees about their eligibility to the Earned Income Credit. As per the IRS: Employers "must notify employees who have no federal income [...]

By |January 25th, 2016|Categories: News|Comments Off on Employees and the Earned Income Credit Notification